why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on the revenue side. i believe i have asked democratic senators if my perception is correct, and they say yes. republicans keep thinking that in the 11th hour, democrats will relent again. one of the things the president has to do is to make it crystal clear that he is damned serious and he will not accept the deal. let's just this lay that out there. once that becomes accepted, that is my fear of war we go into january. i think we will have to go into january because republicans will not believe it until then. that is the predicate to getting a bipartisan deal. >> i want to follow up on an issue that daud raised on a panel with a group of economists. it is about behavioral response to the looming fiscal cliff. you suggested that we are already starting to see some response. >> i think so. the notion of the slope is incredibly myopic. it only happened in january and the impact is only